Profile
Our Brief History
LGW Group came into existence way back in the year 1933, when
Mr.
Pragdas Gupta, a young man from Firozabad in Uttar Pradesh came to then
Calcutta and made a humble beginning with his savings. He started the
business as a wholesaler of various types of Glasswares, Glass based
decorating items and Imitation Jewellery with a handful of clients under the
name and style
"Laxmi Glass Works."
As the time progressed, Mr. Gupta expanded his business in diversified
fields and started trading activities in plastic products of different kinds
and variety.
To give effect to his well thought of succession plan, Mr. Gupta, in a
gradual process, passed on the management of the business activities to his
only son,
Mr. Kali Charan Gupta.
Mr. Kali Charan Gupta was managing the business effectively well and
was able to expand the business both in terms of volume and value. His
physique started creating troubles in his effective functioning to manage
the business. He was not keeping good health and was facing all the problems
in handling the business activities effective and efficiently.
Left with no other alternatives,
Mr. Sanjay Kumar Gupta, the eldest
son of
Mr. Kali Charan Gupta, at his early stage of adolescence at
the age of 11 years had to shoulder the responsibilities of managing the
business operations and joined hand with his father to extend all the
support and assistance required to take forward the business further.
Mr. Sanjay Kumar Gupta had a strong and wide vision and the Company
made a march forward in right direction with required perspective.
After the demise of
Mr. Kali Charan Gupta, all other three sons
gradually joined the family business,
Mr. Sanjay Kumar Gupta assumed
the leading role. Backed with able manpower, collective wisdom, sustained
effort of the promoters, mixed with visions, Organisational framework was
established and the Company within a very short span of time graduated to
the status of a Limited Company in stages from the Trading concern to
proprietorship Company to Private Limited Company to Limited Company on 3rd
August,1984 to keep pace with the economic and business scenario of the
country. To meet increased business opportunities and commitments,
especially with Bangladesh, Infrastructural facilities were developed to
accommodate increased business initiatives for export of various other items
like Chemicals, Minerals, Engineering goods, Food grains, Textile goods,
etc.
In the mean time Bangladesh become a major exporter of readymade garments
and knitted fabrics to the European and American markets by virtue of being
a non-quota Country. In the process it started generating huge demand for
Indian Cotton yarn and fabrics which in turn created huge demand for various
types of Indian Raw Cotton as raw materials. LGW exploited this opportunity
to the maximum extent and became the number one Merchant Exporter in India
for Cotton yarn. Gradually the horizon was expanded further and it started
exporting Raw Cotton, Textile machinery and enlarged the export destinations
from Bangladesh to several other countries like China, Egypt, Italy, USA &
several other European Countries.
LGW as the company made a very conscious effort to build the brand "LGW"
and LGW Group today has made a distinct identification for itself in the
world market with annual turnover crossing US$ 60 Million mark. Constant
endeavour for enhancement of infrastructure as the ongoing practice the
Company developed additionally a fully modern new warehouse measuring about
60000 Sq. ft. Thus total area of Warehouse reached to the level of 120000
Sq. Ft.
BUSINESS HISTORY PRESENT TREND, GROWTH PROSPECT AND FUTURE PLANNING OF
OUR COMPANY
Prior to partition of Bengal during British rule the firm was having
regular business links with the erstwhile East Bengal in undivided India as
a domestic supplier from 1933-1947. The original business of the firm was in
the area of jewellery various types of plastic goods including imitation
jewellery etc in which the firm was a market leader in Calcutta. After birth
of Bangladesh as an independent country, the firm started exporting its
items to that country since 1973 and gradually made strong foothold in the
Bangladesh market and also started export of various other items like
Chemicals, minerals, engineering goods, and textile goods as merchant
exporter. In the meantime Bangladesh become a major exporter of readymade
garments and knitted fabrics to the European and American Markets by virtue
of being a non quota country .In the process large scale modern production
units for readymade garments/knitted fabrics came up in Bangladesh who
started generating huge demand for Indian Cotton yarn and Fabrics as Raw
materials for ultimate export of finished goods (Readymade garments) from
Bangladesh to European & American Markets.
The Directors of the Co visualized the enormous opportunities for export of
Cotton yarn from India and slowly started export of Cotton yarn since 1988
to Bangladesh .By 1990 the Co established its presence as a major supplier
of Cotton yarn to all the reputed manufacturers/exporters of garments in
Bangladesh.
The experience gained by its directors in textile items prompted them to
plan for taking up manufacturing of yarn by setting up of a compact Spinning
Mill in West Bengal so as to market the LGW brand in the ever going cotton
textile market in the world. With this end in view "LGW Industries Ltd"
was established in the year 1998 with the ultimate objective of setting up a
compact Spinning Mill in West Bengal. To activate the new company, a major
portion of the yam export port folio was passed on to them so that it can
shape up its own identify under the leadership of Shri Abhay Kumar Gupta who
as director of LGW Ltd developed the cotton yarn & raw cotton export
business and made LGW Ltd a top merchant exporter of cotton yam in India and
received the following prestigious awards.
- TEXPROCIL GOLD TROPHY for securing the position of "Top
Indian Exporter" in yarn (Merchant Exporter Category) for the
year 2000-2001
- TEXPROCIL SILVER TROPHY for securing the "Second
Best Indian Exporter" position in yarn (Export to non-quota
countries category) for the year 2000-2001
- TEXPROCIL GOLD TROPHY for securing the position of "Top
Indian Exporter" in yarn (Merchant Exporter Category) for the
year 2001-2002
- TEXPROCIL BRONZE TROPHY for securing the "Third
Best Indian Exporter" position in yarn (Export to non-quota
countries category) for the year 2001-2002
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The company, besides exporting textile yarn to Bangladesh is also
exporting bulk chemicals like chemicals for garments, Liquid Chlorine Gas,
Hydrochloric acid, Bleaching powder, Iron and steel products lie hot and
cold rolled sheets, coils, rods, electric generating sets and other
machineries to Bangladesh, Myanmar and also exporting textile fabrics to
Myanmar & Thailand. The company has recently setup its Handicraft
Division and already started exporting various types of handcrafted metallic
and nonmetallic Jewellery items like bangles, earrings, necklace etc. of
unique design with precious and semiprecious stones, normal woodcraft items,
sandalwood items, fancy leather bags, purses etc.
The company has also taken up import business in a big way and regularly
importing various types of consumer items, sophisticated office furnitures,
toilet fittings etc.
DIRECTORS & MANAGEMENT TEAM
PROMOTERS
Mr. Sanjay Kumar Gupta, Mr. Amit Kumar Gupta & Mrs. Rekha Gupta are the
promoter Directors of the Company. The company has been working as the
Merchant Exporter since a long time.
MANAGEMENT & KEY EXECUTIVES
Export sales made
The management team of LGW LTD. Is comprises of the following competent
professionals.
| Chairman |
: |
Mr. Sanjay Kumar Gupta |
| Managing Director |
: |
Mr. Amit Kumar Gupta |
| Director |
: |
Mrs. Rekha Gupta |
| Principal Advisor |
: |
Mr. Abhay Kumar Gupta |
| President (Marketing) |
: |
Mr. Pankaj Kumar Gupta |
| Asst. President (Marketing) |
: |
Mrs. Kanchan Gupta |
| President: Projects & Development |
: |
Mr. Nitin Gupta |
| Asst President : Projects & Development. |
: |
Mrs.Roopal Gupta |
| President: Trainee |
: |
Mr. Anurag Gupta |
| Advisor |
: |
Mr. Manabendra Guha |
| Vice President (International Marketing) |
: |
Mr. Venkateshan Mohan |
| General Manager & Company Secretary |
: |
Mr. Prodiptamoy Mukhopadhyay |
DIRECTOR'S PROFILES
The Directors of the Company possess very rich and wide range of business
experience through their long association with international trade and
marketing. Besides, they have acquired vast experience in wholesale domestic
trade of different products and in international trade. They have also
acquired vast knowledge about trade and commerce through their visit to
several European, South East and Far East and Middle East Countries.
Mr.Sanjay Kumar Gupta
Mr.Sanjay Kumar Gupta, 48 years of age, Chairman, LGW LTD, has been a
resident of Kolkata,W.B. since birth. His milestone achievement in business
has become the road map for the new comers and the Company's overall growth.
He has very vast experience in the export business and is looking after the
overall strategic decisions of the company. He has rich business knowledge
and experience of 37 years which is an asset for the company in taking it to
a much loftier heights.
Mr. Amit Kumar Gupta
Mr. Amit Kumar Gupta, 46 years of age,Managing Director, LGW Limited has
been a resident of Kolkata, W.B, since birth. He has completed his education
from Calcutta and joined his family business. He has vast experience in the
merchandise export line. He has almost 23 years business experience and his
strong presence has contributed for the growth a lot for the growth of the
Company. His relentless efforts has helped the company to earn various
prestigious awards from the Government of India.
Mrs. Rekha Gupta
Mrs. Rekha Gupta, 42 years of age, Director, LGW Limited, W/o of Mr. Sanjay
Kumar Gupta has completed her education from Kolkata and joined the business
and is constantly involved with the business. She has rich and strong
business knowledge and is overseeing the HR & Administrative function of
the company.
Mr. Pankaj Kumar Gupta
Mr. Pankaj Kumar Gupta, now aged about 41 years, is associated with the
company for more than 10 years and led the company from the front in his
capacity as President (Marketing). Due to his extraordinary effort in
popularizing the company's name in the Overseas market today LGW Ltd has
become the most preferred Indian merchant exporter of several textile and
handicraft products. His elevation to the position of a wholetime director
added with his vast international marketing experience will enrich the
company and make its marketing functions more dynamic and result oriented in
the days to come.
Mrs. Kanchan Gupta
Mrs.Kanchan Gupta, now aged about 36 years, wife of Mr. Pankaj Kumar Gupta,
is a Bachelor of Science (B.Sc) from U.P. University. She has become a
hardcore P.R.O. through her active association in all marketing programmes
and tours both domestic & international with the President (Marketing)
for the last 10 years. Her active P.R. support to the President (Marketing)
has been appreciated all over by all leading customers. Her elevation to the
position as Jt. Director (marketing) will improve the quality of customer
relation functions of the company to a great extent.
COMPANY'S PERFORANCE
| Year |
LGW Ltd (Rs.
In Millions) |
LGW Industries
Ltd. (Rs. In Millions) |
| 1993-94 |
244.1 |
X |
| 1994-95 |
302.0 |
X |
| 1996-97 |
708.8 |
X |
| 1995-96 |
1004.3 |
X |
| 1997 -98 |
1030.9 |
X |
| 1998-99 |
1656.0 |
X |
| 1999-2000 |
1529.6 |
X |
| 2000-01 |
1508.4 |
X |
| 2001-02 |
123.94 |
X |
| 2002-03 |
590.0 |
X |
| 2003-04 |
359.9 |
29.78 |
| 2004-05 |
496.0 |
25.16 |
| 2005-06 |
264.5 |
64.02 |
| 2006-07 |
1120.0 |
180.0 |
| 2007-08 |
2650.0 |
40.0 |
Corporate Mission & Vision Statement
The Board has set a value system which is embedded in the
Corporate framework and working cultures for fulfilling its corporate
business objectives as narrated below in line of the Corporate Mission &
Vision Statement:-
- To manage the business and achieve excellence in performance at
all levels most ethically, with all sincerity and honesty.
- To attach top-most importance to customer satisfaction through
maintaining the quality standard of its Products and Services in
conformity with the customer's specific needs, specifications.
- Employees satisfaction by providing them eco friendly working
environment and self-development opportunities.
- Service to the Nation at large by participation in socio-economic
development programmes and creating awareness for maintaining
ecologically balanced working environment.
|
VISION STATEMENT
Through a process of Co-Ordination, Communication and
both Forward & Backward integration of resources and opportunities, LGW
is set to make the most effective contribution to National Economy following
the quality, innovative and creative route with perspective with distinctive
identity of a mega Star Export House in India.
MISSION STATEMENT
The Company's mission is to improve the quality of life
of the members, staff members and the overall society through a sustained
effort following the quality, innovative and creative route applying the
knowledge and wisdom of the promoters and dedicated effort of all associated
with the company with specific focus on customer satisfaction and
expectation on the backdrop of Company's vision statement with required
synergy of all the input factors.
CORPORATE GOAL
The strategic decision makers of the company has set a
'goal' to make a big leap and double its export volume by another three
years. The Company has also set a target to set up manufacturing facility
for converting cotton to yarn apart from other business initiatives.
The company believes in the fact that "Growth must come from within".
To ensure that organic growth, the Company has also set a goal to uplift the
quality of performance of the individuals through training and exposures to
different situations.
WORKING ENVIRONMENT
The corporate and registered office of LGW Ltd is
situated at Narayanpur in Rajarhat-Gopalpur Municipal area nearby to NSC
Bose International Airport at Kolkata.
The office premise is surrounded by natural beauty and working environment
is eco friendly. Adhering to universal standards, office of LGW Limited is
fully equipped with latest version of computers, air-conditioners and other
necessary office equipments. This has largely contributed for a very
congenial work environment.
WAREHOUSE
LGW being the Export House require sufficient space for
warehousing of the products and goods. In view of the requirement of space,
the company has set up large warehousing facilities at Narayanpur, Rajarhat
within its office compound. The Warehouse is designed with sufficient open
space to support movement of goods for loading and unloading. The Warehouse
is well connected by road.
Having Company's own fully secured Warehouse measuring about 120,000 sq.
ft. with average height of 30 ft. The Warehouse Complex also has fully
walled up open land & metal roads to accommodate about 50 trucks at a
time. The Warehouse is self contained and its workers are fully trained for
damage/waste free loading & unloading operations.
INFRASTRUCTURE AND TECHNOLOGY
The registered & corporate office of the company is
hosted in a spacious and beautifully designed building owned by the Company.
The entire office is computerized & supported by highly skilled
personnel. The company is having its own in-house "Clearing and
forwarding" division for taking care of the Customs Clearance functions
in respect of all export & import consignments through land customs
stations in West Bengal as per the permission granted in favour of the
Company by the Customs Authority. Company is going to install Oracle E-suite
for its business application software requirement recently. It is based on
Oracle platform and by this application, company shall be able to harness
the maximum benefit in the systems, Inventory Management, Planning and
control.
Contact Us
Mr. Pankaj Kumar Gupta (Director - Marketing)
Mr. Venkat Mohan (Vice President - Marketing)
LGW Limited
Narayanpur, P.O.-Rajarhat - Gopalpur, 24 Parganas (North)
Kolkata - 700 136 West Bengal
(India)
Phone : +(91)-(33)-25733423 / 25733313
Fax : +(91)-(33)-25733990
Emai :
lgw@lgwltd.com
,
akg@lgwltd.com